Ethic Inc. Raises Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Ethic Inc. increased its holdings in Capital One Financial by 7.5%, acquiring an additional 2,315 shares, bringing their total investment to approximately $5.94 million.
• Several major investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., also raised their stakes in Capital One Financial during the same quarter, totaling 89.84% institutional ownership.
• Capital One Financial's latest quarterly earnings reported an EPS of $5.48, significantly exceeding analysts' estimates, while a quarterly dividend of $0.60 has been declared for shareholders.

Ethic Inc. raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,352 shares of the financial services provider's stock after buying an additional 2,315 shares during the quarter. Ethic Inc.'s holdings in Capital One Financial were worth $5,944,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after acquiring an additional 734,939 shares during the period. Invesco Ltd. increased its stake in Capital One Financial by 13.3% during the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after purchasing an additional 548,052 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after purchasing an additional 793,765 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,091 shares of company stock valued at $4,188,454 in the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Down 0.7%

NYSE:COF traded down $1.5880 during trading hours on Tuesday, hitting $214.6120. The company had a trading volume of 2,432,129 shares, compared to its average volume of 4,443,277. The company has a market capitalization of $137.25 billion, a PE ratio of 110.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The stock has a 50-day moving average price of $211.51 and a 200 day moving average price of $193.66. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the firm earned $3.14 EPS. The business's revenue was up 31.4% on a year-over-year basis. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Analyst Ratings Changes

COF has been the subject of a number of recent analyst reports. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Truist Financial raised their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.